XML 18 R52.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheets (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:        
Cash and cash equivalents $ 14,139 $ 12,395    
Accounts receivable, net 122,340 120,016    
Income taxes receivable 4,174 2,669    
Prepaid expenses and other current assets 45,175 41,787    
Total current assets 185,828 176,867    
Property, plant and equipment, net 1,806,945 1,835,878    
Intangibles and other assets:        
Investments 113,197 112,717    
Goodwill 1,035,274 1,035,274    
Customer relationships, net 151,407 164,069    
Other intangible assets 10,557 10,557    
Other assets 51,925 54,915    
Total assets 3,355,133 3,390,277    
Current liabilities:        
Accounts payable 19,902 30,936    
Advance billings and customer deposits 47,224 45,710    
Accrued compensation 56,105 57,069    
Accrued interest 14,945 7,874    
Accrued expense 73,776 75,406    
Current portion of long term debt and finance lease obligations 25,722 27,301    
Total current liabilities 237,674 244,296    
Long-term debt and finance lease obligations 2,209,748 2,250,677    
Deferred income taxes 174,489 173,027    
Pension and postretirement benefit obligations 293,145 302,296    
Other long-term liabilities 86,418 72,730    
Total liabilities 3,001,474 3,043,026    
Shareholders' equity:        
Common Stock 731 720    
Other shareholders' equity 346,482 340,161    
Total Consolidated Communications Holdings, Inc. shareholders' equity 347,213 340,881    
Noncontrolling interest 6,446 6,370    
Total shareholders' equity 353,659 347,251 $ 376,164 $ 415,654
Total liabilities and shareholders' equity 3,355,133 3,390,277    
Eliminations        
Current assets:        
Income taxes receivable (8,441)      
Prepaid expenses and other current assets (89)      
Total current assets (8,530)      
Intangibles and other assets:        
Investments in subsidiaries (7,120,461) (7,084,977)    
Advances due to/from affiliates, net (3,296,654) (3,296,300)    
Deferred income taxes (90,727) (92,108)    
Total assets (10,516,372) (10,473,385)    
Current liabilities:        
Accrued expense (89)      
Income tax payable (8,441)      
Total current liabilities (8,530)      
Advances due to/from affiliates, net (3,296,654) (3,296,300)    
Deferred income taxes (90,727) (92,108)    
Total liabilities (3,395,911) (3,388,408)    
Shareholders' equity:        
Common Stock (47,411) (47,411)    
Other shareholders' equity (7,073,050) (7,037,566)    
Total Consolidated Communications Holdings, Inc. shareholders' equity (7,120,461) (7,084,977)    
Total shareholders' equity (7,120,461) (7,084,977)    
Total liabilities and shareholders' equity (10,516,372) (10,473,385)    
Parent | Reportable legal entity        
Current assets:        
Income taxes receivable 8,609 1,812    
Prepaid expenses and other current assets 89      
Total current assets 8,698 1,812    
Intangibles and other assets:        
Investments in subsidiaries 3,553,744 3,547,466    
Deferred income taxes 81,425 86,447    
Other assets   1,506    
Total assets 3,643,867 3,637,231    
Current liabilities:        
Accrued expense   50    
Total current liabilities   50    
Advances due to/from affiliates, net 3,296,654 3,296,300    
Total liabilities 3,296,654 3,296,350    
Shareholders' equity:        
Common Stock 731 720    
Other shareholders' equity 346,482 340,161    
Total Consolidated Communications Holdings, Inc. shareholders' equity 347,213 340,881    
Total shareholders' equity 347,213 340,881    
Total liabilities and shareholders' equity 3,643,867 3,637,231    
Subsidiary Issuer | Reportable legal entity        
Current assets:        
Cash and cash equivalents 14,136 12,387    
Accounts receivable, net 76 78    
Income taxes receivable 4,006      
Total current assets 18,218 12,465    
Intangibles and other assets:        
Investments 9,064 8,863    
Investments in subsidiaries 3,549,345 3,520,346    
Advances due to/from affiliates, net 2,238,012 2,289,433    
Deferred income taxes 9,302 5,661    
Total assets 5,823,941 5,836,768    
Current liabilities:        
Accrued interest 14,518 7,523    
Accrued expense 3,050 2,565    
Current portion of long term debt and finance lease obligations 18,350 18,350    
Total current liabilities 35,918 28,438    
Long-term debt and finance lease obligations 2,195,775 2,235,609    
Other long-term liabilities 38,504 25,255    
Total liabilities 2,270,197 2,289,302    
Shareholders' equity:        
Other shareholders' equity 3,553,744 3,547,466    
Total Consolidated Communications Holdings, Inc. shareholders' equity 3,553,744 3,547,466    
Total shareholders' equity 3,553,744 3,547,466    
Total liabilities and shareholders' equity $ 5,823,941 5,836,768    
Guarantors        
Condensed Consolidating Balance Sheet        
Ownership interest (as a percent) 100.00%      
Guarantors | Reportable legal entity        
Current assets:        
Cash and cash equivalents $ 3 8    
Accounts receivable, net 115,840 112,415    
Income taxes receivable   791    
Prepaid expenses and other current assets 44,995 41,431    
Total current assets 160,838 154,645    
Property, plant and equipment, net 1,742,114 1,770,187    
Intangibles and other assets:        
Investments 104,133 103,854    
Investments in subsidiaries 17,372 17,165    
Goodwill 969,093 969,093    
Customer relationships, net 151,407 164,069    
Other intangible assets 1,470 1,470    
Advances due to/from affiliates, net 940,841 893,394    
Other assets 51,449 52,887    
Total assets 4,138,717 4,126,764    
Current liabilities:        
Accounts payable 19,902 30,936    
Advance billings and customer deposits 45,890 44,436    
Accrued compensation 55,288 56,356    
Accrued interest 427 351    
Accrued expense 69,609 71,659    
Income tax payable 7,636      
Current portion of long term debt and finance lease obligations 7,223 8,808    
Total current liabilities 205,975 212,546    
Long-term debt and finance lease obligations 13,946 15,001    
Deferred income taxes 241,061 240,983    
Pension and postretirement benefit obligations 278,279 285,832    
Other long-term liabilities 47,130 46,656    
Total liabilities 786,391 801,018    
Shareholders' equity:        
Common Stock 17,411 17,411    
Other shareholders' equity 3,328,469 3,301,965    
Total Consolidated Communications Holdings, Inc. shareholders' equity 3,345,880 3,319,376    
Noncontrolling interest 6,446 6,370    
Total shareholders' equity 3,352,326 3,325,746    
Total liabilities and shareholders' equity 4,138,717 4,126,764    
Non-Guarantors | Reportable legal entity        
Current assets:        
Accounts receivable, net 6,424 7,523    
Income taxes receivable   66    
Prepaid expenses and other current assets 180 356    
Total current assets 6,604 7,945    
Property, plant and equipment, net 64,831 65,691    
Intangibles and other assets:        
Goodwill 66,181 66,181    
Other intangible assets 9,087 9,087    
Advances due to/from affiliates, net 117,801 113,473    
Other assets 476 522    
Total assets 264,980 262,899    
Current liabilities:        
Advance billings and customer deposits 1,334 1,274    
Accrued compensation 817 713    
Accrued expense 1,206 1,132    
Income tax payable 805      
Current portion of long term debt and finance lease obligations 149 143    
Total current liabilities 4,311 3,262    
Long-term debt and finance lease obligations 27 67    
Deferred income taxes 24,155 24,152    
Pension and postretirement benefit obligations 14,866 16,464    
Other long-term liabilities 784 819    
Total liabilities 44,143 44,764    
Shareholders' equity:        
Common Stock 30,000 30,000    
Other shareholders' equity 190,837 188,135    
Total Consolidated Communications Holdings, Inc. shareholders' equity 220,837 218,135    
Total shareholders' equity 220,837 218,135    
Total liabilities and shareholders' equity $ 264,980 $ 262,899